Stefaan Sercu Named President and CEO of GDF SUEZ Energy Marketing NA

Published 12:25 PM ET Sun, 11 Nov 2012
PR Newswire

HOUSTON, Oct. 5, 2012 /PRNewswire/ -- GDF SUEZ Energy Marketing North America announced today that Stefaan Sercu has been named its new President and Chief Executive Officer. Sercu succeeds Sam Henry, who became President and CEO of GDF SUEZ Energy Resources NA, an affiliated company that provides retail electricity services to small and large commercial, industrial, and institutional customers.

Employed by the company for the past 15 years, Sercu most recently served as Vice President, Local Portfolio Management, Generation, in which he was responsible for overseeing the commercial optimization of GDF SUEZ's North American power generation fleet. Sercu has also worked in various other positions encompassing price forecasting, valuing proposed business development projects, hedging, and commodity risk management during his tenure with GDF SUEZ.

"I look forward to the opportunities and the challenges in my new role," said Sercu. "We have a deeply experienced team, and I am pleased to continue working with these colleagues to add value to all of our power and natural gas businesses in North America in the years ahead."

"Stefaan's commercial acumen combined with his emphasis on effective teamwork made him a natural choice for this position," said Zin Smati, President and CEO of IPR-GDF SUEZ North America. "I am confident that he and his team will lead us to new opportunities for maximizing the value of our assets in North America."

About GDF SUEZ Energy Marketing North AmericaGDF SUEZ Energy Marketing North America is responsible for the commercial optimization of IPR-GDF SUEZ North America's power generation fleet and hedging of commodity price risks for IPR-GDF SUEZ's other energy businesses in North America. IPR-GDF SUEZ North America manages a range of energy businesses in the United States, Mexico, and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, asset-based trading and origination, and retail energy sales and related services to commercial and industrial customers.

The company owns and/or operates a power generation portfolio with a capacity of more than 13,000 MW of electricity generation. The company's natural gas assets include an LNG receiving terminal in Massachusetts, which currently meets approximately 20 percent of New England's annual gas demand, and natural gas distribution networks and pipelines in Mexico that serve nearly 400,000 customers. In addition, the company's retail business serves commercial, industrial, and institutional customers in 12 U.S. markets, with a total estimated peak load of nearly 10,000 MW.